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    RCI.B   CA7751092007

ROGERS COMMUNICATIONS INC.

(RCI.B)
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Delayed Toronto Stock Exchange  -  05/24 04:00:00 pm EDT
65.31 CAD   +0.77%
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Rogers Communications 4Q Profit Falls; Revenue, Adjusted. Earning Beat Views

01/27/2022 | 07:33am EDT

By Adriano Marchese


Rogers Communications Inc. on Thursday reported a fall in fourth-quarter profit, while revenue and adjusted earnings beat analyst expectations.

The Canadian communications and media company said earnings per share were 80 Canadian cents, the equivalent of 63 U.S. cents, down from C$0.89 in the comparable quarter a year ago.

Net income was C$405 million, compared with C$449 million a year ago.

Adjusted earnings were C$0.96 a share. According to FactSet, analysts were expecting C$0.95 a share.

Revenue in the period rose to C$3.92 billion from C$3.68 billion. Analysts expected revenue of C$3.86 billion.

"This is a critical year for Rogers and the changes we are making to drive a renewed focus on execution, along with strategic investments in our networks and customer experience, should help drive long-term growth and increase shareholder value," President and Chief Executive Tony Staffieri.

Mr. Staffieri was appointed to the position on a permanent basis on Jan. 10. after he was named interim CEO in November.

The company said it generated C$1.15 billion in cash flow from operating activities in the quarter, and looking ahead to the full year, it expects growth to continue.

Full year total service revenue is expected to rise between 4% and 6%, with free cash flow expected to be between C$1.8 billion and C$2 billion, compared with C$1.67 billion in 2021.

Rogers declared a quarterly dividend of C$0.50 a share.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-27-22 0733ET

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Analyst Recommendations on ROGERS COMMUNICATIONS INC.
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Financials
Sales 2022 15 380 M 11 961 M 11 961 M
Net income 2022 1 760 M 1 369 M 1 369 M
Net Debt 2022 19 799 M 15 397 M 15 397 M
P/E ratio 2022 18,9x
Yield 2022 3,06%
Capitalization 33 010 M 25 671 M 25 671 M
EV / Sales 2022 3,43x
EV / Sales 2023 3,34x
Nbr of Employees 23 000
Free-Float 69,9%
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Technical analysis trends ROGERS COMMUNICATIONS INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 65,31 CAD
Average target price 78,50 CAD
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Anthony Staffieri President, Chief Executive Officer & Director
Glenn Brandt Chief Financial Officer
Edward S. Rogers Chairman
Jorge Capelas Fernandes Chief Technology & Information Officer
Robert Joseph Gemmell Lead Independent Director
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